Nordea Investment Management AB Purchases 35,174 Shares of Signet Jewelers Limited (NYSE:SIG)

Nordea Investment Management AB boosted its stake in Signet Jewelers Limited (NYSE:SIG - Free Report) by 36.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,070 shares of the company's stock after buying an additional 35,174 shares during the period. Nordea Investment Management AB owned 0.30% of Signet Jewelers worth $10,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of Signet Jewelers by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 310,852 shares of the company's stock worth $32,061,000 after acquiring an additional 3,238 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Signet Jewelers by 0.9% during the 3rd quarter. Franklin Resources Inc. now owns 34,122 shares of the company's stock worth $3,330,000 after purchasing an additional 288 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Signet Jewelers by 10.7% in the third quarter. Sanctuary Advisors LLC now owns 34,260 shares of the company's stock valued at $3,515,000 after acquiring an additional 3,312 shares during the period. Virtu Financial LLC acquired a new position in Signet Jewelers during the 3rd quarter valued at $210,000. Finally, MidWestOne Financial Group Inc. raised its holdings in Signet Jewelers by 17.5% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 19,936 shares of the company's stock valued at $2,056,000 after acquiring an additional 2,962 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Signet Jewelers from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Wells Fargo & Company boosted their target price on Signet Jewelers from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group lowered their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th. Bank of America cut their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $87.00 price target on shares of Signet Jewelers in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.60.

Insiders Place Their Bets

In related news, CEO Virginia Drosos sold 600 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total transaction of $60,750.00. Following the sale, the chief executive officer now owns 728,220 shares of the company's stock, valued at approximately $73,732,275. This represents a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joan M. Hilson sold 8,000 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the transaction, the insider now directly owns 200,844 shares in the company, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,170 shares of company stock valued at $1,573,500. Company insiders own 3.26% of the company's stock.

Signet Jewelers Trading Down 3.3 %

Shares of SIG stock traded down $2.54 during mid-day trading on Thursday, reaching $74.53. 1,230,686 shares of the stock traded hands, compared to its average volume of 1,315,737. Signet Jewelers Limited has a 1-year low of $72.26 and a 1-year high of $112.06. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.04 and a beta of 2.13. The stock's fifty day simple moving average is $89.34 and its two-hundred day simple moving average is $88.22.

Signet Jewelers (NYSE:SIG - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The business's revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, research analysts anticipate that Signet Jewelers Limited will post 9.88 EPS for the current fiscal year.

Signet Jewelers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 24th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, January 24th. This represents a $1.16 annualized dividend and a yield of 1.56%. Signet Jewelers's payout ratio is currently 13.35%.

Signet Jewelers Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.